Array BioPharma Inc. Independent Director Compensation Agreement
This agreement outlines the compensation for independent directors serving on the Board of Directors of Array BioPharma Inc. Independent directors receive an annual payment of $16,000, provided they continue their service on the board. Additional fees are paid for attending board and committee meetings, with higher amounts for in-person attendance and for serving as committee chairs. The agreement specifies the exact amounts for each type of meeting and role.
Exhibit 10.1
Compensation for Independent Directors
on the
Board of Directors
of
Array BioPharma Inc.
Annual Compensation. Independent directors on the Board of Directors of Array BioPharma Inc. will be paid annual compensation of $16,000, subject to continued service on the Board of Directors.
Meeting Fees. Independent directors shall receive the following meeting attendance fees:
|
|
| Board |
| Board |
| Audit |
| Board and Other |
| ||||
| Attend in Person: |
| $ | 2,000 |
| $ | 1,000 |
| $ | 4,000 |
| $ | 2,000 |
|
| Attend by Teleconference: |
| 1,000 |
| 500 |
| 2,000 |
| 1,000 |
| ||||
